Deerfield Management Company L.P. Series C Invests $542,000 in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Deerfield Management Company L.P. Series C purchased a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 147,321 shares of the company’s stock, valued at approximately $542,000. Deerfield Management Company L.P. Series C owned approximately 0.22% of Industrial Logistics Properties Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ILPT. Principal Financial Group Inc. raised its holdings in shares of Industrial Logistics Properties Trust by 36.7% in the fourth quarter. Principal Financial Group Inc. now owns 89,737 shares of the company’s stock valued at $422,000 after purchasing an additional 24,070 shares during the last quarter. CastleKnight Management LP increased its stake in Industrial Logistics Properties Trust by 36.6% in the 4th quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock valued at $3,971,000 after buying an additional 226,500 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $86,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Industrial Logistics Properties Trust in the 1st quarter worth approximately $58,000. Finally, Fifth Lane Capital LP bought a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 1.6 %

Industrial Logistics Properties Trust stock opened at $4.78 on Friday. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 3.96. The company has a market capitalization of $314.68 million, a P/E ratio of -2.91 and a beta of 1.80. The firm has a 50 day moving average price of $4.91 and a 200-day moving average price of $4.25. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, July 22nd. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.44%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ILPT shares. B. Riley lifted their price target on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JMP Securities reissued a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.